Monday, November 6, 2017

Aulder Capital Pays $44.5M for Foxwood Apartments

Aulder Capital acquired the 414-unit Foxwood Apartments in Newark, DE from Fairfield Residential for $44.5 million, or about $107,000 per unit.

The apartment complex , located at 15 Fox Hall in Newark, DE, sits on 27 acres and was delivered in 1989. It totals 357,635 square feet across 31 three- and four-story buildings. It is currently 96 percent leased.

The buyer secured a new $34.3 million mortgage on the acquisition. HFF arranged the financing on behalf of the borrower.

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